Exam 20: Aggregate Demand and Aggregate Supply: Three Key Facts About Economic Fluctuations

Figure 33-1. -Refer to Figure 33-1.Line A is

Figure 33-2. -Refer to Figure 33-2.Line X is

Which of the following is correct?

During recessions employment typically

During recessions investment

Which part of real GDP fluctuates most over the course of the business cycle?

Below are pairs of GDP growth rates and unemployment rates.Economists would be shocked to see most of these pairs in the U.S.Which pair of GDP growth rates and unemployment rates is realistic?

When we say that economic fluctuations are "irregular and unpredictable," we mean that

During recessions,income

Which of the following is correct?

Which of the following is correct?

Real GDP

Many macroeconomic variables